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Canadian companies are falling behind the rest of the world and lack of leadership is part of the problem.
According to a recent survey of more than 2,000 senior human resource executives in 14 countries by Right Management, Canadian employers continue to worry about the lack of future leaders in their organization ranks.
For Canadian executives, it was a shortage of talent at all levels that topped the list of most pressing HR concerns, 33% of whom put it at the top of their list for the second year in a row.
Globally, lack of future leaders was also cited as the foremost concern by an average of 25% of employers, evidence that a lack of high potentials is a widespread concern in leading industrialized nations.
Having a strong leadership contingent within your company is so crucial, because great leaders help train current employees, who in turn, grow into strong leaders themselves. Companies need to invest in leadership because it not only grooms future talent, but also increases entrepreneurial and strategic behaviour among employees.
This perceived lack of leadership is not only a concern for Canadian HR professionals but also in China, India, Norway, Germany, United Kingdom, and Japan.
This perceived lack of leadership, or quality leadership, means that more companies are investing more on employees and focusing on talent acquisition. This really cements the importance of the Human Resource Manager, as the hiring processes become more and more rigorous across the board.